Stage Stores (NYSE:SSI) Shares Up 33.9%

Stage Stores Inc (NYSE:SSI)’s stock price was up 33.9% during mid-day trading on Friday . The company traded as high as $3.85 and last traded at $4.54, approximately 7,474,638 shares traded hands during trading. An increase of 1,705% from the average daily volume of 414,185 shares. The stock had previously closed at $3.39.

Separately, ValuEngine cut Stage Stores from a “hold” rating to a “sell” rating in a report on Wednesday.

The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.24 and a current ratio of 1.84. The firm has a market cap of $62.95 million, a PE ratio of -2.14 and a beta of 1.39. The stock has a fifty day moving average price of $2.28 and a 200-day moving average price of $1.25.

Stage Stores (NYSE:SSI) last issued its earnings results on Thursday, August 22nd. The company reported ($0.83) earnings per share (EPS) for the quarter. Stage Stores had a negative return on equity of 36.72% and a negative net margin of 7.01%. The firm had revenue of $381.85 million for the quarter. As a group, equities analysts predict that Stage Stores Inc will post -2.17 earnings per share for the current fiscal year.

In other news, EVP Thorsten I. Weber bought 229,500 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was acquired at an average price of $0.99 per share, for a total transaction of $227,205.00. Following the acquisition, the executive vice president now owns 343,401 shares of the company’s stock, valued at $339,966.99. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Russ Lundy II bought 20,000 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were purchased at an average price of $1.88 per share, with a total value of $37,600.00. Following the acquisition, the executive vice president now directly owns 85,770 shares in the company, valued at approximately $161,247.60. The disclosure for this purchase can be found here. Insiders have bought a total of 312,000 shares of company stock valued at $1,264,805 in the last quarter. Company insiders own 11.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Simplex Trading LLC purchased a new stake in shares of Stage Stores during the 3rd quarter worth about $27,000. Paradigm Capital Management Inc. NY grew its holdings in shares of Stage Stores by 0.6% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,395,900 shares of the company’s stock worth $1,845,000 after purchasing an additional 15,000 shares during the period. Crescent Grove Advisors LLC grew its holdings in shares of Stage Stores by 37.3% during the 3rd quarter. Crescent Grove Advisors LLC now owns 129,611 shares of the company’s stock worth $244,000 after purchasing an additional 35,211 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Stage Stores by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 550,474 shares of the company’s stock worth $423,000 after purchasing an additional 47,389 shares during the period. Institutional investors and hedge funds own 42.47% of the company’s stock.

About Stage Stores (NYSE:SSI)

Stage Stores, Inc operates specialty department stores primarily in small and mid-sized towns and communities in the United States. Its merchandise portfolio comprises moderately priced and brand name apparel, accessories, cosmetics, footwear, and home goods. The company also offers merchandise direct-to-consumer through its e-commerce Website, and private label credit card and loyalty programs.

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